Description

Excellent investment opportunity less than 2 blocks from Pill Hill, The New MEDICAL MILE located in Grand Rapids. 10 units, 2 commercial and 8 one bedroom units situated in a marvelous historical building within walking distance to midtown and adjacent to downtown. The building looks like three separate brownstones, but in actuality one building. Close to retail, foods and on a major bus line. 600 block of Lyon Street NE. All separate utilities, full basement, commercial laundry on premise, and many recent updates. Occupancy always in the upper 90%. One commercial space is being rented as a full service yoga studio. The possibilities are endless. Perfect situation to get on the ground floor before MSU Medical College is finished. Annual income +$44,000 with expenses under $14,000. Income potential to be in the upper $50,000 range annually. Land contract available. Call for a private showing, allowing 24 hours notice for tenants rights. $449,000 Please serious parties only. 6

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